Among the many IRS Facts about the 2008 Stimulus Payments -- the tax rebate checks -- parents should note the fact that dependant children, including newborns, must have a Social Security number in order to qualify for the additional $300 per child tax rebate.
While getting a Social Security number for children is totally optional, it is still a good idea. Aside from the $300 tax rebate bonus, having Social Security numbers for you kids allows you to open banking and savings accounts in their names, add them to your health care coverage and qualify them for government services and benefits.

According to Social Security officials, the best and easiest time to get a Social Security number for a newborn is when you give the hospital information for the child's birth certificate. When you give information for your baby’s birth certificate, you will be asked whether you want to apply for a Social Security number for your baby. If you say "yes," you need to provide both parents' Social Security numbers if you can. Even if you do not know both parents’ Social Security numbers, you can still apply for a number for your child. If you wait to apply for a number at a Social Security office, there may be delays of up to 12 weeks while Social Security workers verify your child’s birth certificate with the state.

Children age 12 or older requesting an original Social Security number must appear for an interview at a Social Security office, even if a parent or guardian will sign the application on the child's behalf.

What Does it Cost? There is no charge for a Social Security number and card. If someone contacts you and wants to charge you for getting a number or card, or for any Social Security service, you should report them to Social Security by calling Toll Free: 1-800-269-0271.